The government spent P225.3 billion in the first quarter to settle its debt—14 percent less than the P261.2 billion disbursed in the same period last year, according to the Bureau of Treasury (BTr).
The government spent P174.3 billion in the first two months this year to pay its debts.
The government spent P622 billion in the first 10 months of the year to pay debts, as part of the administration’s commitment to improve the country’s credit profile and secure an investment rating for the Philippines.
The Philippine government spent P195.1 billion in the two months to February to pay its debts, down 19 percent from the P242.3 billion settled in the same period last year, according to the Bureau of the Treasury.
The government spent P653.4 billion in the 11 months to November to pay its debts, down from the P660.4 billion settled in the same period last year, according to the Bureau of the Treasury.
The government spent P619.9 billion in 10 months to October to pay off its debts. That amount was about 2 percent lower from the P633.4
billion reported in the same period last year, according to the Bureau of the Treasury.
